Gambling.com Group delivered record financial results in the fourth quarter, reporting revenue of 46.2 million dollars, up 31 percent year-on-year. 

Full-year revenue reached 165.4 million dollars, a 30 percent increase over the previous year. Adjusted EBITDA stood at 15.5 million dollars for the quarter, up 5 percent, while the full-year figure climbed 19 percent to reach 58 million dollars.

The strong performance underscores ongoing momentum across multiple business segments.

Total operating expenses exclusive of non-cash fair value movements related to the outperformance of Odds Holdings of $18.5 million, non-cash impairment loss on intangible assets of $14.0 million, non-cash amortization of acquired intangible assets of $2.6 million, acquisition related costs of $0.3 million and acquisition related bonuses of $2.6 million, grew 32% to $26.9 million primarily associated with higher headcount related to the acquisitions of Odds Holdings and Spotlight.Vegas, and higher marketing costs associated with traffic source diversification in the marketing business.

Inclusive of the above-mentioned expenses, total operating expenses were $64.9 million compared to $23.3 million in the year-ago period.

Charles Gillespie, Chief Executive Officer and Co-Founder of Gambling.com Group, commented, “We generated record fourth quarter revenue and Adjusted EBITDA with revenue rising 31% year-over-year to $46.2 million and Adjusted EBITDA increasing 5% to $15.5 million.

Our operating results continue to benefit from significant growth in our sports data services business, which grew 29% quarter-on-quarter and represented 26% of total revenue in the fourth quarter, the highest percentage yet.

This growth was complemented by improved performance in our marketing business, as revenue increased slightly year-over-year and rose 15% on a sequential basis. For the first time in our history, revenue not dependent on SEO exceeded revenue from SEO thanks to our successful channel diversification initiatives.”